Arm Holdings PLC Sponsored ADR $ARM Stock Acquired by Hyperion Asset Management Ltd

Hyperion Asset Management Ltd increased its stake in Arm Holdings PLC Sponsored ADR (NASDAQ:ARM) by 36.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 727,273 shares of the company’s stock after purchasing an additional 195,942 shares during the quarter. ARM accounts for 5.8% of Hyperion Asset Management Ltd’s investment portfolio, making the stock its 8th largest position. Hyperion Asset Management Ltd’s holdings in ARM were worth $210,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in ARM by 1,203.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 945,152 shares of the company’s stock valued at $142,983,000 after purchasing an additional 872,644 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of ARM during the 1st quarter worth $116,112,000. SG Americas Securities LLC boosted its position in shares of ARM by 265.6% in the 1st quarter. SG Americas Securities LLC now owns 971,067 shares of the company’s stock worth $146,903,000 after buying an additional 705,459 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of ARM by 202.6% in the first quarter. Altshuler Shaham Ltd now owns 478,289 shares of the company’s stock valued at $72,356,000 after purchasing an additional 320,236 shares in the last quarter. Finally, Liontrust Investment Partners LLP grew its holdings in ARM by 139.7% during the 1st quarter. Liontrust Investment Partners LLP now owns 347,339 shares of the company’s stock valued at $52,545,000 after buying an additional 202,410 shares during the last quarter. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of ARM in a research note on Thursday. Guggenheim restated a “buy” rating and set a $255.00 target price on shares of ARM in a report on Thursday, July 30th. Needham & Company LLC reissued a “buy” rating and issued a $255.00 price objective on shares of ARM in a research report on Thursday, July 30th. UBS Group reduced their price objective on ARM from $360.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Bank of America reissued a “neutral” rating and set a $335.00 price target (up from $245.00) on shares of ARM in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ARM currently has a consensus rating of “Moderate Buy” and an average price target of $303.32.

Insider Activity

In related news, CFO Jason Child sold 10,400 shares of ARM stock in a transaction on Monday, September 21st. The shares were sold at an average price of $300.00, for a total value of $3,120,000.00. Following the completion of the sale, the chief financial officer owned 153,442 shares in the company, valued at approximately $46,032,600. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ARM Price Performance

ARM traded down $4.90 on Tuesday, reaching $223.15. The company’s stock had a trading volume of 3,170,200 shares, compared to its average volume of 7,556,537. Arm Holdings PLC Sponsored ADR has a 1 year low of $100.02 and a 1 year high of $452.70. The business’s 50 day moving average is $266.47 and its 200 day moving average is $270.79. The stock has a market cap of $238.34 billion, a price-to-earnings ratio of 230.05, a price-to-earnings-growth ratio of 6.76 and a beta of 3.78.

ARM (NASDAQ:ARM) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.26 billion. ARM had a return on equity of 12.24% and a net margin of 20.25%. ARM’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. As a group, research analysts forecast that Arm Holdings PLC Sponsored ADR will post 1.15 earnings per share for the current fiscal year.

ARM Profile

Arm Holdings plc (NASDAQ: ARM) is a semiconductor and software design company that develops central processing unit (CPU) architectures and related intellectual property. Rather than manufacturing chips itself, Arm licenses its designs and instruction-set architectures to semiconductor companies and technology manufacturers, which incorporate them into their own products.

The company’s offerings include CPU processor cores, graphics processing units through its Mali product family, system IP, development tools and software.